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Is the moment right to bring back a usury cap? (AFFIL Week)

By Sarah Byrnes

Triple-digit interest rates used to be illegal. From Biblical times through the Middle Ages through English colonial law, people realized that the government needed to regulate the inherently unequal relationship between lender and borrower.  One by-gone civilization that didn?t do this was ancient Greece, and they ended up with loads of literal ?debt slaves.?  Not [...] Related posts:

• Refund anticipation loans are a bad deal
• 36% interest rate cap
• Does July of 2010 seem a long way off to anyone else? (AFFIL Week)


Full post as published by Caveat Emptor on February 13, 2009 (boomark / email).

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